SOURCE: Hathaway Corporation

February 21, 2007 10:38 ET

Hathaway Global (HWYI) Announces Hiring of Chief Operations Officer

ST. PETERSBURG, FL -- (MARKET WIRE) -- February 21, 2007 -- Hathaway Corporation (PINKSHEETS: HWYI), a business development company that focuses on the development of companies in the communications, telecommunications software and medical devices industries, announced today that Mr. Sadruddin Currimbhoy will join the management team of Hathaway Global as their new Chief Operations Officer.

Mr. Currimbhoy served as General Manager at the Deccan Pacific group of companies in Fremont, CA since 2004, where he oversaw operations of the group's healthcare and real-estate interests. Prior to that, Sadruddin spent 5 years in Silicon Valley's venture capital industry, with East Gate Capital, a $60m SBIC Fund that invested in early stage semiconductors, communications and software companies.

Mr. Currimbhoy founded Solar Tech Industries Ltd., a Hong Kong-based export house with an annual turnover of $5m. He has traveled extensively within Europe, Asia and Africa, gaining grass-roots level experience in dealing with and respecting, different cultures, laws, and business methods. One of his larger projects included manufacturing and supplying, through a Dutch premiums company, Reebok brand watches, to PepsiCo Benelux for a high-profile promotion. He also co-founded Dynabyte Pacific Ltd. -- a hardware and software solutions provider in Hong Kong, 1992 - 1997. Sadruddin studied Business Administration and Computer Sciences at the University of San Diego.

"I'm very excited to announce that Mr. Currimbhoy will be joining the management team of Hathaway Global. His experience in the venture capital sector, thorough knowledge of operations, and intense management style will assist in determining future acquisitions for Hathaway Global and will meet our standards and expectations of spin offs. Sadruddin will immediately begin working on identifying possible companies for Hathaway to acquire," stated Mr. Paul D. Lisenby, interim Chairman and CEO of Hathaway Global.

About Hathaway Corporation

Hathaway Corporation a business development company that focuses on the development of companies in the communications, telecommunications software and medical devices industries that bring a shift in how communications are delivered and serviced globally. The Hathaway Global business model is to insure the companies are financially sound and have the management necessary to spin off these companies and take them public, thereby rewarding Hathaway shareholders with dividend shares and/or cash upon final completion. To request further information about Hathaway, please email us at investors@hathawayglobal.com.

Safe Harbor

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact Information

  • Contact:
    Investor Relations
    James Caldwell
    (727) 447-0514
    Concept Communications Group, LLC